The non-profit H&M Foundation has invited applications from innovators and entrepreneurs all over the world to take part in its Global Change Award 2021.
Having launched in 2015, the Global Change Award is an initiative that has dual purposes. It aims to accelerate the process of scouting, supporting, and scaling up disruptive early-stage innovations that can make the entire fashion industry circular.
If you are an innovator of high-impact digital solutions that can be deployed to recover and reuse waste, or ideas supporting a climate-positive fashion industry, then the Global Change Award is for you.
Since its inception, the award has attracted over 20,000 entries from more than 200 countries and territories, earning a reputation as the go-to challenge for circular innovation, and has been dubbed the Nobel Prize of fashion.
The Global Change Award will support game-changing innovations that can break the linear traditions of fashion and completely change the way garments are designed, produced, shipped, bought, used, and recycled.
The five most promising innovations will be selected by a panel of international experts and announced at a prize ceremony.
Benefits
The winners stand to receive
- A share of 1 million euro grant
- Participation in a one-year tailor-made Innovation Accelerator Program to get needed support, tools, access, and exposure to leverage and develop innovations rapidly
- Opportunity to join previous winners in the Global Change Award alumni network.
About H&M Foundation
The H&M Foundation is a non-profit global organization, privately funded by the Stefan Persson family, founders, and main owners of the H&M Group. It seeks to drive long-lasting, positive change and improve living conditions by investing in people, communities, and innovative ideas.
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